Tip #7- Buying a new property in a project
The real estate market, which is currently booming in Mont-Tremblant, provides a rich medium for hatching new projects such as Maître 360, Pure, Pinacle, Indigo, Horizon, Bel-Air, Chic Shack, Hotel C, Quartier huit and more.
There are many advantages to acquiring real estate in a new project. It’s nice to choose your own finishes, have the latest innovations, avoid having to plan construction details over several years…etc.
To make an informed decision, however, it’s important to anticipate dealing with some details, both financial and decorative.
– Taxes (GST and QST) if use will be residential.
– Furniture, decor, features, window dressings.
– Hardwood floors, air conditioning, granite counters, finished basement, landscaping…. Are your preferences basic or more turned towards options?
– When will your property be ready?
– In what year will the project be completed?
– What are the condo fees? Anticipate that these will rise over time.
– Municipal and school taxes are often unknown. Anticipate 1% of the value of the property you’re buying.
Acquiring a new property remains a luxury. There are costs associated with the advantages previously listed. If the objective is to live in it for many years, it may be worth the costs.
Your agent is an ally
It’s important to visit the new projects with your agent. Allowing yourself to be tempted by an open house and the hostess’s smile can deprive you of important advice from your ally. Promoters work easily with agents, and compensation of the latter is included in the marketing budget for new projects.
Have fun shopping among the new properties… hand in hand with your agent!
Pascale Janson17 Posts
Pascale Janson, BAA Directrice d’agence, copropriétaire et courtier immobilier agréé chez Les Versants Mont-Tremblant. Pascale détient un baccalauréat en marketing et en gestion d’entreprise des HEC de Montréal. Elle a travaillé plusieurs années à Paris et à Montréal. En 2003, elle a décidé de relever le défi de créer, avec son père, sa propre bannière en immobilier. / Agency manager and co-owner Pascale studied marketing and management at the HEC Montréal and worked for several years in Paris and Montreal. In 2003, she agreed to her father Etienne’s proposal to open a local real estate office.